QUESTION $1[8$ MARKS$]$ a$.$ An owner introduced new capital of P$15,000$ during the year and withdrew a monthly salary of P$2,000.$ If the net assets on $1$ January and $31$ December of the same year were P$85,000$ and P$73,000,$ respectively, what profit or loss was made by the business in the period? $(4$ marks$)$ b$.$ The owner of a business introduced new capital of P$8,000$ during the year and withdrew P$2,500$ cash for his private use. The profit earned by the business in the period was P$68,500.$ If the net assets at the beginning of the period were P$100,000$ what were the closing net assets? $(4$ marks$)$ QUESTION $2[20$ MARKS$]$ a$.$ Show the accounts involved in the May transactions below under the five main headings of the financial statement $($I$.$e$.$ assets, liabilities, equity$/$capital$,$ revenue, and expenses. $(7$ marks$)1$ Brian Smith started a business by investing P$10,000$ in cash $3$ Purchased premises for P$14,000$ payable in $10$ equal annual instalments. $4$ Paid the first instalment from $3$ May. $4$ Purchased P$1,500$ of decorating supplies on credit. $5$ Paid wages, P$2,000.8$ Received P$8,000$ for services sold. $8$ Invested a further P$3,000$ in the business $10$ Bought a van for P$2,000$ cash. $11$ Sold services on credit for P$4,000.12$ Paid for the supplies from $4$ May. $15$ Paid registration on van, P$30016$ Received P$3,000$ from clients from $11$ May service. $16$ Withdrew P$1,000$ for own use. b$.$ Advise what accounts would be debited and credited. $(13$ marks$)$

QUESTION $3[7$ MARKS$]$ By use of relevant examples, describe how Corporate Social Responsibility $($CSR$)$ contradicts the objective of shareholder wealth maximisation